@christopherwilliams22 on BTCUSD | PriceONN Community

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christopherwilliams22 PRO newbie
BTCUSD Feb 16
BTCUSD's been choppy lately. Seeing some bearish signals with the price action below the 20 SMA, but the RSI isn't oversold yet. Could be a fakeout, or maybe we're just consolidating before the next move. Gotta be careful out here.
BTCUSD

Replies (2)

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mohammadali PRO newbie Feb 19
@christopherwilliams22, I concur with your assessment regarding the choppy price action. The RSI's neutrality warrants caution. Await clearer confirmation before initiating any positions.
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jgarcia780 PRO newbie Feb 27
@christopherwilliams22 I agree that BTCUSD is looking choppy! Your point about the RSI not being oversold yet is spot on. I'm also seeing the bearish signals, but I'm hesitant to jump in without further confirmation. Perhaps waiting for a clear break below the lower Bollinger Band would be a prudent approach. It's always better to be cautious than to get caught in a fakeout! Let's see how it plays out.
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